by Glenn Maclaren | Jan 21, 2022 | Announcements, Blog, Economy, Homeownership
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
by Glenn Maclaren | Oct 29, 2021 | Announcements
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for the overnight rate is being...
by Glenn Maclaren | Sep 10, 2021 | Announcements, Blog, Homeownership, Mortgage
Housing affordability is always an election hot topic – and this year is no different. Perhaps the most notable pledge in the Liberal party’s housing platform, and the one that’s attracted the most commentary, is a call to ban blind bidding as part of a new Home...
by Glenn Maclaren | Jul 16, 2021 | Announcements, Blog, Economy
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
by Glenn Maclaren | May 28, 2021 | Announcements, Blog, Economy, Homeownership, Mortgage
A recent Equifax survey of Canadian consumers shows 40% feel that mortgage fraud is a growing problem. Even more unsettling is that 9% admit to not having been entirely truthful on their loan applications, and a similar number believe it’s acceptable to falsely report...
by Glenn Maclaren | May 21, 2021 | Announcements, Blog, Finance, Homeownership, Mortgage
In today’s unconventional housing market, where inventory is low, competition is fierce and bidding wars are common, obtaining a mortgage preapproval has never been more important. In the face of multiple offers and fast-paced decisions, having a preapproval in hand...
